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GLOBALIZATION AND ITS IMPACT ON FREE TRADE PPT.pptx

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GLOBALIZATION AND ITS IMPACT ON FREE TRADE PPT.pptx

  1. 1.  What is Globalization?  The consequences of Globalization  Role of Multinational Companies
  2. 2.  Globalization is the process by which the world Is becoming one market.
  3. 3.  REDUCED TRANSPORT COSTS  ADVANCES IN COMMUNICATION  REMOVAL OF SOME TRADE ORGANIZATIONS
  4. 4.  It is increasing competetion, with consumers being able to buy a greater range of products at relatively low prices.  It is also encouraging firms to locate some of their production in the most efficient locations.
  5. 5.  Economies becomes more suspectible to external shocks.  A recession in one economy can have a significant impact on other economies.

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